Hard Numbers; Numbing Facts
I looked over the state Legislative Analyst’s recent report about the fiscal outlook for next year. I certainly was not expecting any good news, but I at least expected a realistic view of the dire situation the state is in. I was stunned by what I saw. The LAO is projecting a 14.5% increase in expenditures next year over this year. Go ahead, read that sentence again: he is saying the state will spend 14.5% MORE money next year than this year.
In part that is because many of the sneaky "savings" games the Governor and Legislature have played will expire. No more borrowing from cities, stealing from redevelopment agencies, or shifting state employees’ December payday into the next calendar year. At the same time, federal stimulus money will expire and our state’s debt service will soar.
http://www.lao.ca.gov/2009/bud/fiscal_outlook/fiscal_outlook_111809.aspx
To put this into perspective, consider these figures distilled in a recent issue of Political Pulse: In 1990-91 the state spent $1,350 per person. By the current fiscal… Read More